Gold, Silver, Oil, Natural Gas ETF TradingCommodities & Stocks Ready to Bounce or Rally? Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%. Using technical analysis and inter-market analysis we can see that the market is reaching extreme lows and this usually means we are only a couple days away from a rally. I work with several market technicians as we all analyze the market a different way and share our work with each other to gain maximum insight on the broad market moves. We analyze momentum cycles, magnetic cycles, volatility levels, support & resistance levels, volume analysis and inter-market analysis. Each of us has found a formula which works for our individual style of trading. And by combining our work we have found that we can collectively produce some very exciting trading signals for the broad market. We focus on leveraged index funds in order to take advantage of our insights. While nothing in trading is ever perfect, the analysis for timing the broad market is very exciting.

Here are some quick charts on where the market is trading.

US Dollar – Daily Dollar Price Chart This chart is a no brainer. The trend is down and trading at resistance. If the US dollar reverses back down we will see stocks and commodities move higher.

VIX – Daily Volatility Index

Again, overall the trend is down and trading at resistance. As the saying goes “When the VIX is high its time to buy”. Just to be clear, the VIX is low compared to the previous highs set back in 2008 which was around the 80 level. But, if we want to keep things simple for the current trend then the VIX is high for our current market condition. The VIX moves in the opposite direction of the equities market.

DIA – Dow Jones Industrial Average ETF Fund

Here is the Dow Jones index fund and it clearly shows that when investors are selling out of their positions and getting scared of a market collapse, volume rockets higher. When we see the price pullback to possible support levels and volume increases that is a time when we should be looking to scale into a long position for a bounce, such as now. XLE – Energy Sector ETFYou can see that the energy sector is very close to a support level and volume is high. With the US dollar about to reverse back down it will help boost this sector as it is tied in with commodity prices which rise with a falling dollar. I expect we will see a price gap lower and fill this area before moving higher.

GLD – Gold ETF Fund & Silver

This chart has not changed much from last weeks report. We are getting the drop as expected this week. We could see the gap fill from early October before gold stabilizes. Silver is in the same situation. Gold and silver move in tandem so we are waiting for a bottom before looking for a low risk entry point. Gold and Silver Trading Tends

Commodity & Stocks Trading Conclusion:

To keep things short and to the point, I am seeing momentum cycle lows as of today, magnetic wave lows today, and most commodities and indexes trading at support. These observations, coupled with the US dollar at a possible resistance level and market volatility spiking to an extreme high, lead me think a bounce is in the cards. The market has had an amazing rally so far this year and I feel that we will have a solid year end rally going into Christmas. That being said, the recent sharp correction could form an ABC retrace pattern which means we get a bounce in the next week or so, then one more multi day sell off which will scare even more bulls out of the market. I am going to be scaling out of this oversold play quickly to lock in some gains while allowing a smaller position to ride for larger gains

Web Exclusive: Axis IT&T to acquire Cades Digitech

Raghuvir Badrinath / Bangalore September 04, 2009, 10:58 IST Axis IT&T, a public held engineering software services firm owned by Rajya Sabha MP Rajeev Chandrasekhar, is understood to have signed an agreement to acquire Bangalore-based Cades Digitech, a niche product design and engineering software services firm. Industry sources close to Axis detail that the transaction is valued at close to Rs 75 crore. Axis is understood to be acquiring a 51 per cent control initially and will subsequently increase its stake to 100 per cent based on certain milestones. Cades provides product design, Engineering and R&D services to aerospace, defense, automotive, transportation & energy sectors and has Infosys co-founder N S Raghavan's private equity fund as one of its major investors. Cades has more than 60 customers including the global clients like EADS / Airbus, Boeing, Fokker, Nissan, Volvo and Mercedes Benz. The Cades team has Product Design & Development expertise that includes Design, Analysis, Simulation, Multi-body Dynamics, Virtual Prototyping & Testing, Manufacturing Engineering, Product Data Management and Technical Documentation. Industry estimates indicate that Cades has a topline close to Rs 50 crore and has projected to grow by around 20 per cent during 2009-10. AXIS-IT&T is an engineering design service provider, with over twenty years experience in delivering Product Design, 3D Modelling, Detailing and Assembly, Finite Element Analysis, Reverse Engineering and Conversion of legacy drawings. With the move to acquire Cades, Axis gets niche expertise in aviation product design lifecycle Axis IT&T is part of Rajeev Chandrasekhar's Jupiter Aviation which is working on building the entire value chain for aviation industry. Right from designing software for the aviation industry, Jupiter Aviation is putting through the links for aircraft maintenance, repair and overhaul, training and also building a aviation SEZ and an airport at Hassan district of Karnataka.

एनएसई ने दस कंपनियों पर लगाया प्रतिबंध

Sep 05, 02:23 pm मुंबई। नेशनल स्टाक एक्सचेंज [एनएसई] ने 10 कंपनियों पर शेयर बाजार में कारोबार करने पर दो माह का प्रतिबंध लगा दिया है। ये प्रतिबंध इन कंपनियों के खिलाफ लंबित शिकायतों के कारण लगाया गया है। एनएसई की ओर से जारी बयान के अनुसार, वत्स कारपोरेशन जिस पर 80 शिकायतें लंबित हैं, सहित कुल 10 कंपनियों पर प्रतिबंध लगाया जा रहा है। बयान में कहा गया है कि 31 अगस्त, 2009 तक दो माह की अवधि के दौरान इन कंपनियों के खिलाफ सबसे ज्यादा शिकायतें लंबित हैं। जिन अन्य कंपनियों पर प्रतिबंध लगाया गया है, उनमें साउंडक्राफ्ट इंडस्ट्रीज [28 शिकायतें], पाल पियाजियो [12], एन्के टेक्सोफूड इंडस्ट्रीज [8], अरिहंत इंडस्ट्रीज [5], पाथेजा फोर्जिग्स एंड आटोपा‌र्ट्स मैन्युफैक्चरर्स [4], इडर इंफोटेक [4], कावेरी साफ्टवेयर इंजीनियरिंग सिस्टम्स [3], लान इसेडा इंडस्ट्रीज [2] और सिन्टिला साफ्टवेयर टेक्नोलाजी [2] शामिल हैं।

Oil India IPO on Sept 7

Mumbai: Oil India (OIL) will make its first public offering of shares on September 7. Simultaneously, the government will also dilute 10% of its equity in the firm. The price band is likely to be decided on August 25, according to investment banking sources associated with the stake-sale process. This will be the second PSU stake sale after NHPC, which was oversubscribed three-and-a-half times on its opening last Friday. Along with NHPC, OIL was listed for IPO and simultaneous government stake sale during UPA-1. But both the offering plans were shelved after the market tanked due to the global slump. OIL will offer 2.64 crore equity shares to the public while the government will sell 10% of its equity to state-run refiners.

Cairn's Rajasthan

Cairn's Rajasthan project to reduce India's oil imports: Goldman Sachs news 17 July 2009 Cairn India's Rajasthan oil fields, which are likely to start production next month, will bring down India's oil import bill by $6.8 billion or 7 per cent, investment banker Goldman Sachs said in a report. "Based on the recent discoveries in the Rajasthan basin, we believe that Cairn's peak production level can go beyond the company's present guidance of 175,000 barrels per day (8.75 million tons a year)," Goldman Sachs' conviction report on Cairn India said. It forecast a peak production of 190,000 bpd (9.5 million tonnes a year) of oil from Rajasthan by end of 2012-13. "We now estimate this would represent about 20-22 per cent of India's total domestic oil production in fiscal 2013, making the Rajasthan project one of national importance. Rajasthan oil would likely bring down India's oil import bill by $6.8 billion at peak production, which is about 7 per cent of the country's net oil import bill," it said. In 2008-09 India paid $75.5 billion (Rs341,887 crore) to the oil exporting nations to meet its increasing energy requirement. In addition to this, the government incurred a fuel subsidy of $18 billion. India's current oil production is around 660,000 bpd (33 million tonnes a year). Goldman Sachs Investment Research has added Cairn India Ltd in the conviction list, which is the strongest rating, in its June report.